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August futures for Brent crude oil were $94.7 per barrel – 5.4% cheaper than the previous day’s close, according to data from the London-based ICE exchange. The last time Brent fell below $95 per barrel on April 24. The cost of U.S. WTI crude oil, shipped in July, fell by 5.77% – to $90.83 per barrel.
The US and Iran have moved closer to the biggest deal since the start of a new round of conflict in the Middle East. According to reports, the two sides have reached an “agreement in principle” to restore shipping through the Strait of Hormuz, a key artery of the global oil market.
At the end of last week, the process of discussing tax changes planned for next year de facto started. The Minister of Finance familiarized representatives of business associations with the main proposals of the ministry.
Experts have analyzed the situation in the market and told how it may change in the coming week.
US President Donald Trump has asked leaders of several Islamic countries to join peace agreements with Israel if a deal between the US and Iran is reached, Axios reported, citing knowledgeable sources.
A delegation of Austrian parliamentarians will visit Moldova on May 25-27, in order to assess the efficiency of development projects financed with Austrian support.
Because: “Watch out for mines.” Those in the Ukrainian authorities who are supposed to be in charge are preparing for the possible emergence of “permanently dangerous territories along the front line that will remain unusable for economic use for decades.
NATO Secretary General Mark Rutte’s initiative to allocate 0.25 percent of the alliance’s GDP for military aid to Ukraine has not received unanimous support. Several major NATO states opposed the initiative.
The Government is aligning the legal framework concerning the minimum wage with the EU Adequate Minimum Wage Directive. An indicative reference value of 50% of the projected average monthly wage will be introduced, which will be used as a benchmark for assessing the adequacy of the minimum wage, without automatically setting its level.
Deputy Prime Minister, Foreign Minister Mihai Popşoi participated in a conference on the promotion of trade and economic cooperation between Moldova and China, organized in Shanghai.
The richest one in a thousand residents of Europe receives about 4.5% of all incomes, but in different countries this figure differs several times – from less than 2% to more than 10%. This is evidenced by the data of the World Inequality Database.
The government did not support the draft law on amendments to the Criminal Code in the area of combating drug trafficking and consumption. The document envisioned a significant increase in penalties, including longer prison terms and the introduction of life imprisonment for aggravated forms of crime.
Popular statistical service Numbeo has presented a fresh ranking of countries in terms of average monthly salary after taxes.
European aviation is preparing for the winter season with a worrying scenario: airlines may start cutting flights amid expensive fuel and deteriorating flight economics.
French President Emmanuel Macron took the initiative and unexpectedly called President of Belarus Alexander Lukashenko. For the first time in four years.
Polish authorities continue to negotiate with trade unions and patronages on a new minimum wage. The Ministry of Family, Labor and Social Protection has submitted a report according to which the minimum will be 4,927 zloty (1,161 euros) from the beginning of 2027. This is significantly higher than the previously discussed amount. And it is important, as the “minimum wage” affects social benefits.
The country’s Justice Minister Gerald Darmanen proposed a radical step – to completely stop legal migration for three years. According to him, the republic can no longer cope with the integration of newcomers and has “reached the limit of its possibilities.
The Russian authorities intend to increase tax levies for foreign nationals by 5-12 times. The State Duma of the Russian Federation will consider the relevant amendments next week.
The wheat market has entered the weather market phase – the phase of dependence on forecasts of the new harvest. Exchange quotations are growing amid expectations of a significant reduction in production in key exporting countries in the 2026/27 marketing year. Especially as the most influential forecasters – the International Grains Council (IGC) and the U.S. Department of Agriculture (USDA) – report a potential reduction in the crop-2026.
The branch of the Angel K’nchev Rusen University (Bulgaria) in Taraclia became the center of the May 24 celebrations in Moldova.
Today, the Day of the Slavonic Script and St. Cyril and Methodius brothers were celebrated there.
